The S&P/TSX Composite index gained 67.41 points to 12,386.66, about half a percentage point. But Canada's main stock market indicator has lost more than seven per cent of its value since Christmas Eve, including 126.20 points on Monday.

In New York, the advances were slightly more robust. The Dow Jones average of 30 stocks was up 113.92 points at 16,512.49, the broader S&P 500 index advanced 14.53 points to 1,938.20 and the Nasdaq gained 43.39 points to 4,326.94 shortly after the open.

Meanwhile, the FTSE 100 in London, CAC 40 in Paris and DAX index in Germany were each up more than two per cent.

On the commodity markets, the February crude contract was at US$32 a barrel, up 59 cents, and the February gold contract was down $8.70 at US$1,087.50 an ounce.

The Canadian dollar was at 70.37 cents U.S. as North American stock market opened, up 0.05 of a cent from Monday's close. It fell by 0.37 of a U.S. cent on Monday and has been close to 70 cents US, a level that it hasn't seen since April 2003.

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U.S. court filings show that debtors for Toys "R" Us have received multiple non-binding offers for the Canadian division of the troubled retailer. The bankruptcy documents say debtors had reached out to more than 20 interested parties in a bid to sell off the 82 stores in Canada as the toy retailer looks to wind down operations.
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Canada's main stock index joined U.S. markets in the red Monday as a Federal Reserve meeting looms and a share price hit at Facebook over improper data use weighed on the tech sector.
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VANCOUVER -- Drivers in British Columbia should brace for record high gasoline prices this summer and the financial pain has the potential to spread across the country, says a petroleum industry analyst. Dan McTeague of the online tech company GasBuddy predicts that beginning in April and continuing to September, gasoline prices across much of B.C.
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Facebook Inc. faced growing pressure on Monday after European and U.S. lawmakers called for investigations into reports that a consultancy that worked on President Donald Trump's campaign gained access to data on 50 million Facebook users.
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TORONTO -- American department store Nordstrom is opening the first Canadian location of its discount Rack chain on Thursday. The 35,000-square-foot store will be situated north of Toronto at Vaughan Mills mall. It is promising savings of up to 70 per cent on products from 38 of the 50 brands already sold in its Canadian department stores.
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JAKARTA, Indonesia -- Greenpeace says several major household brands including Hershey and Johnson & Johnson have failed to disclose where they get their palm oil from despite vows to stop buying from companies that cut down tropical forests to grow the widely used commodity.
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NEW YORK -- A Trump-affiliated firm under scrutiny for inappropriately obtaining data on tens of millions of Facebook users created profiling algorithms that "took fake news to the next level," a former employee said. Chris Wylie said the firm, Cambridge Analytica, secured personal data in order to learn about individuals and then used it to create an information cocoon to change their perceptions.
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NEW YORK -- Claire's, the mall chain that has pierced the ears of millions of teens, has filed for Chapter 11 bankruptcy protection in the U.S. but its Canadian and European stores are not involved.
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